Lloyd's of London News – Page 95
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THB secures reinsurance licence in Brazil
Broker to sell reinsurance through PWS Brazil.
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Consultant appointed to sell off AIG companies
Centerview Partners hired by New York state department
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Lloyd's hit by soft market and rise in attritional claims
Interim pre-tax profit drops to £949m.
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Swiss Re reveals exposure to Lehman Brothers and AIG
Total exposure stands at £125m says reinsurer
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2008 could rival Katrina hurricane year, warns Deloitte
Insured losses from Ike could top $25bn
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Hurricane and credit crunch woes pack a double whammy
Insurers face liquidity crisis in face of Hurricane Ike.
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News
Hurricanes raise the stakes at Monte Carlo reinsurance conference
Leading reinsurers predict rising demand for cover.
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News Analysis
The gathering storms
Gustav did not devastate New Orleans, but it could still be one of the most costly hurricanes to hit the US. Michael Faulkner reports on how the damage will affect the market – and on the dangerous storms that are still brewing.
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Coastal flood risk to double by 2030, warns Lloyd's
New report shows adaptation is key to managing insurance losses.
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Professional services firms under-insured for terrorism, says Aon
Firms face business interruption cover shortfall.
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Features
The truth behind the headlines
The 6,000 job losses in insurance announced since the start of the year can’t be blamed just on the credit crunch, says Lauren MacGillivray. Think instead of an industry struggling to understand its cost base and maintain its expense ratios.
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Gustav downgraded to tropical storm after hitting US coastline
New Orleans escapes devastation of Katrina with category two storm.